Value Line, Inc. (NASDAQ:VALU - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.17 and traded as low as $37.33. Value Line shares last traded at $38.39, with a volume of 1,951 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Value Line from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.
Check Out Our Latest Stock Report on Value Line
Value Line Stock Up 1.0%
The company has a market capitalization of $361.44 million, a PE ratio of 16.85 and a beta of 1.08. The company's 50 day moving average is $39.21 and its two-hundred day moving average is $41.85.
Value Line Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, April 28th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 3.38%. The ex-dividend date was Monday, April 28th. This is a boost from Value Line's previous quarterly dividend of $0.30. Value Line's payout ratio is currently 57.02%.
Hedge Funds Weigh In On Value Line
A number of institutional investors and hedge funds have recently modified their holdings of VALU. Cloud Capital Management LLC bought a new stake in Value Line in the first quarter worth $127,000. Auxier Asset Management purchased a new position in Value Line during the 4th quarter valued at $224,000. JPMorgan Chase & Co. grew its position in Value Line by 180.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,382 shares of the financial services provider's stock valued at $231,000 after acquiring an additional 2,819 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Value Line in the fourth quarter worth $311,000. Finally, Strs Ohio bought a new stake in shares of Value Line during the first quarter worth $356,000. Hedge funds and other institutional investors own 6.26% of the company's stock.
About Value Line
(
Get Free Report)
Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey - Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.
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